Ad Valorem Tariff

(redirected from Ad Valorem Duties)

Ad Valorem Tariff

A tax on an import calculated as a percentage of the value of the import. This contrasts with tariffs on the weight, size, or quantity of the import. Like all tariffs, ad valorem tariffs are controversial, with opponents arguing that they are economically inefficient. See also: Ad Valorem Tax.
Mentioned in ?
References in periodicals archive ?
On February 26, 2009, a tribunal found that four Canadian provinces had violated the Agreement in calculating 2007 quotas; the United States rejected the Canadian offer of compensation, and on April 15, 2009, the United States began collecting 10% ad valorem duties from the four provinces to compensate for the 2007 breach.
Ad valorem duties protected each island's domestic market from the other.
On February 26, 2009, a tribunal found that four Canadian provinces had violated the Agreement in calculating 2007 quotas; the United States rejected the Canadian offer of compensation, and on April 15, the United States began collecting 10% ad valorem duties from the four provinces to compensate for the 2007 breach.